A South Dakota economic development board approved up to $2.8 million in tax relief last week for a solar farm, a $10 million state loan for a cheese factory and a $7,500 state grant to help local businesses grow.
Officials expect the projects to result in a combined $395 million in private investment and create 163 jobs.
“We’re supporting a major expansion in food production, investing in renewable energy, and fueling local economic development,” Gov. Larry Rhoden said in a release. “Each project strengthens our communities and ensures long-term growth for our state.”
The Board of Economic Development approved the awards on Sept. 10.
Bel Brands , known for producing mini-cheese wheels dipped in red wax, received approval for a state loan of up to $10 million. The loan, offered throug